On Cabinet table: Approval of 2 crore PM Awaas Gramin houses with more assistance

Sources said the Centre may increase the cost of construction of the PMAY-G house from existing Rs 1.20 to Rs 1.8 lakh in the plains and Rs 1.30 lakh to Rs 2 lakh in hilly areas.

These additional 2 crore houses will be over and above the 2.95 crore houses sanctioned under the PMAY-G since its inception in 2016. Of these 2.95 crore, 2.61 crore houses have been built under the PMAY-G till date.

The Centre and states share expenses in the ratio of 60:40 in case of plain areas, and in the ratio of 90:10 for North Eastern States, two Himalayan states, 1 U.T. of Jammu & Kashmir. The Centre bears 100 per cent cost in case of other Union Territories including the UT of Ladakh.

Presenting the Interim Budget for 2024-25, Finance Minister Nirmala Sitharaman had announced that 2 crore more houses will be built under the PMAY-G in the next five years.

In her Budget Speech 2024-25, Sitharaman said that despite the challenges due to Covid-19, implementation of PMAY-G continued and the Government was close to achieving the target of 3 crore houses. “Two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families,” she announced, presenting the Union Budget (Interim) 2024-25.

In all, the Finance Minister has allocated Rs 54,500.14 crore for PMAY-G for financial year 2024-25, which is almost equal to the last fiscal’s budgetary allocation of Rs 54,487.00 crore.